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1. Stronger rupee hurts textile exports
The strengthening of the Indian rupee it has gained by nearly 14 per cent against the dollar this year has hurt the prospects for India s textile exports, but continuing demand from China, Taiwan, Indonesia and other countries for raw cotton has seen a buoyant cotton market in India. Growing demand for Indian cotton has seen a huge increase in the area under cotton production, and also a spurt in arrivals. The strengthening of the Indian rupee it has gained by nearly 14 per cent against...
Source1 hour ago

2. The 2007 federal farm bill stalls: Subsidies draw attacks
In Mississippi, those crops represent four of the state's five top agriculture exports and in cotton and soybeans, two of the state's top five commodities. But the prices we get for our crops is not something we control and we're at the mercy of the commodities markets. At the heart of the battle is disagreement over the continuation of crop subsidies for farmers producing corn, cotton, soybeans and rice. But Caricker contends that even though some crop commodity prices are high right now,...
Source21 hours ago

3. Importers set to buy Indian cotton
KARACHI: Pakistani importers would have to pay around 70 cents to 72 cents per pound on import of raw cotton from India as the international prices of lint in other cotton growing countries have shown rising trend at 74 cents-75 cents per pound, the importers and traders said here on Saturday. Daily Times - Leading News Resource of Pakistan. KARACHI: Pakistani importers would have to pay around 70 cents to 72 cents per pound on import of raw cotton from India as the international prices of...
Source11/17/2007

4. NASS to Conduct Survey
The survey will find out how much cotton and peanuts farmers produced. It will ask how many bushels of corn and soybeans do farmers have stored on farm. Department of Agriculture's National Agriculture Statistics Service (NASS) will be relying on producers to help gather year-end production information.
Source

5. Bill tough on cotton growers
Cotton and peanut producers would reach the $250,000 cap with fewer acres in production. Not only would larger farmers in the South be hurt if this provision passes, but it could harm area tractor dealers, seed producers and retailers, he said. A cotton field usually gets picked three times a year in Alabama, so even if drought or frost hurts one growth cycle, farmers can reap some cotton during the other two, he said. The global outlook for cotton remains strong because the world...
Source

6. Soybean, Cotton Farmers Expect Losses This Year Due to Drought
A frustrating growing season is winding down in Wilson County, where soybean and cotton farmers say their crops took a beating this year amid the drought. Agriculture extension agent Norman Harrell says hay was probably the worst affected crop this year, and cattle producers are bracing for a tough winter. Harrell says cotton also took a hit, its acreage down about 26 percent compared to last year. Soybeans are the largest acre crop in the county, accounting for roughly 30,000 acres this...
Source

7. Africa: Developing Countries Are Afraid of 'Rigged Commerce' Not 'Free Trade'
allAfrica.com: Africa: Developing Countries Are Afraid of 'Rigged Commerce' Not 'Free Trade' (Page 1 of 3) However, since the WTO waiver allowing the EU to extend this preferential access to the end of this year, the EU and ACP countries committed themselves in the Cotonou Agreement of 2000 to negotiate Economic Partnership Agreements (EPAs) by the end of 2007. However, since the WTO waiver allowing the EU to extend this preferential access to the end of this year, the EU and ACP countries...
Source

8. Australian Cotton Production to Fall to 30-Year Low (Update1)
The nation may produce 500,000 bales of cotton from the crop now being planted, Adam Kay, the industry group's chief executive officer, said today in a phone interview from Narrabri, New South Wales state. Australia's cotton production has fallen five of the past six years as prolonged drought dried up rivers and dams, reducing irrigation supplies. In a normal season, as much as 90 percent of the nation's cotton crop is irrigated, Kay said. Cotton prices have gained 29 percent in the past...
Source11/17/2007

9. 'King Cotton' losing luster
Growing cotton has rarely been a more risky proposition than it is now, which is precisely why cotton farmer Frank Williams is planning to sow his fields with wheat. Acreage dropped by about 22 percent in Texas, the national leader, and by nearly 20 percent in California, which ranks seventh in domestic production. Cotton also has lost ground for another reason that became apparent last week as the Senate debated the 2007 farm bill: the United States' cotton subsidy program is enmeshed in...
Source

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